Even if it's only 6 Gb its still massive...
So it is even at 5GB ;P
Frankly i don't think we are people who are be playing this game. I think it is created mainly with kids in mind same as was Crash or Spyro. It is directed by dude which was responsible for crash spyro and a lot of sonics past 1st one.
When you look at Knack and artstyle it is imo created with kids in mind. For example this character could be in any pixar film (from design not GFX side):
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I have to say that looks astounding. I would not call it only for kids but rather the "adorable" style. The situation is parallel to what happened with PS3 and how Ratchet and Clank: ToD was announced to show case the graphical capabilities of the sytem.